Agency
In Montana, what happens to the listing agreement if the listing broker dies during the listing period?
AThe listing transfers automatically to the supervising associate broker
BThe listing agreement terminates since it is a personal service contract tied to the broker✓ Correct
CThe seller must continue the listing with the same brokerage firm
DThe listing agreement continues for 30 days then terminates
Explanation
A listing agreement is a personal service contract between the seller and the broker. If the broker dies, the listing agreement terminates (though the brokerage firm may have provisions to continue through another broker if the agreement is with the firm).
Related Montana Agency Questions
- A Montana licensee who represents both buyer and seller in the same transaction with both parties' written consent is practicing:
- A Montana buyer's agent has a duty of 'full disclosure.' This means the agent must disclose to the buyer:
- A Montana listing broker who is approached by a potential buyer inquiring about the property should at first contact:
- In Montana, a seller's broker is NOT obligated to disclose to buyers which of the following?
- In Montana, if a buyer's agent writes an offer for their client on a property listed by the same brokerage firm, and the firm chooses to practice dual agency, both parties must provide:
- A buyer's agent in Montana has a fiduciary duty to:
- In Montana, a seller who signs a listing agreement with Broker A and then lists the same property with Broker B without terminating the first agreement may be liable for:
- Termination of a listing agreement by mutual consent requires:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →